Africa needs billions to attain SDGs

by SAVIOUS KWINIKAJOHANNESBURG – AFRICA needs investments of US$621 billion to meet the United Nations Sustainable Development Goals (SDGs) for universal access to clean water, sanitation and electricity.

This is according to a report by the Global Infrastructure Hub, a G20 initiative.

Titled Global Infrastructure Outlook: Infrastructure Investment Need in the Compact with Africa Countries, it highlighted a need for infrastructure investment in Compact with Africa countries, and highlight the reforms required to encourage greater investment.

The report exposes an investment gap of US$415 billion.

The required US$621 billion is part of a greater total infrastructure investment need of US$2.4 trillion for energy, telecommunications, airports, ports, rail, roads and water to 2040, if these 10 countries are to meet the demands of accelerating economic and population growth.